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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 13, 2023

 

MICROBOT MEDICAL INC.

(Exact name of registrant as specified in its charter)

 

Delaware   000-19871   94-3078125

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

25 Recreation Park Drive, Unit 108

Hingham, Massachusetts 02043

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (781) 875-3605

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.01 par value   MBOT   NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging Growth Company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure.

 

On March 13, 2023, Microbot Medical Inc. (the “Company”) issued a press release announcing that Stavros Spiliopoulos, MD, PhD, EBIR-ES, FCIRSE, a key opinion leader (KOL) from Greece, has joined the Company’s Scientific Advisory Board (SAB). The addition of Dr. Spiliopoulos, an Associate Professor of Interventional Radiology at Attikon University General Hospital of Athens, further enhances the Company’s EU presence, and his participation will be invaluable as the Company progresses its regulatory and commercialization plans for the LIBERTY® Robotic System.

 

The press release, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K, is incorporated herein by reference. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1).

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

Number

  Description
     
99.1   Press Release dated March 13, 2023
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  MICROBOT MEDICAL INC.
   
  By: /s/ Harel Gadot
  Name: Harel Gadot
  Title: Chief Executive Officer, President and Chairman

 

Date: March 13, 2023

 

 

 

Exhibit 99.1

 

 

Microbot Medical Increases Presence in the EU with the Addition of Greece-based Key Opinion Leader Stavros Spiliopoulos, MD, PhD, EBIR-ES, FCIRSE, to its Scientific Advisory Board

 

Internationally Recognized and Awarded Interventional Radiologist Enhances Depth of Expertise as the LIBERTY® Robotic System Races Towards Regularity and Commercialization Objectives

 

HINGHAM, Mass., March 13, 2023 – Microbot Medical Inc. (Nasdaq: MBOT), which continues to experience a rising interest in the LIBERTY ® Robotic System, the first single-use endovascular robotic system, today announced that Stavros Spiliopoulos, MD, PhD, EBIR-ES, FCIRSE, a key opinion leader (KOL) from Greece, has joined the Company’s Scientific Advisory Board (SAB). The addition of Dr. Spiliopoulos, an Associate Professor of Interventional Radiology at Attikon University General Hospital of Athens, further enhances the Company’s EU presence, and his participation will be invaluable as the Company progresses its regulatory and commercialization plans for the LIBERTY® Robotic System.

 

Dr. Spiliopoulos’ work includes Vascular and non-Vascular Interventional Radiology and Interventional Oncology procedures, and his ongoing research interests include the endovascular management of peripheral arterial disease and dialysis vascular access, personalized vascular medicine, and loco-regional treatments of solid organ malignancies.

 

“I was quite impressed when I first used the LIBERTY® Robotic System, and I immediately recognized the significant clinical impact and needed to get involved,” commented Dr. Spiliopoulos. “The SAB is a notable collection of well-regarded interventional radiologists within the medical community and academia, and it’s an honor to be joining them to lend my expertise and knowledge to advance the LIBERTY® Robotic System”.

 

“Our efforts over the past year to educate and raise the clinical awareness of the LIBERTY® Robotic System continues to be highly successful,” commented Eyal Morag, Chief Medical Officer. “The addition of Dr. Spiliopoulos, the first member from Greece, reaffirms our commitment to recruit sought-after and well-published interventional radiologists across Europe and the Americas. This level of success is allowing us to also achieve our goal of establishing centers of excellence to train and expose a wider universe of potential users in key growth markets.”

 

 
 

 

Dr. Spiliopoulos has received over 20 International Awards and Distinctions for his research in the field of Interventional Radiology and has participated as a primary investigator or co-investigator in clinical and experimental investigational protocols including multicenter, European, and Global studies. He is the holder of the European Boards of Interventional Radiology (EBIR), a certified Endovascular Specialist (EBIR-ES) and a Fellow of the Cardiovascular and Interventional Society Europe (FCIRSE) Radiology. Dr. Spiliopoulos has published more than 200 peer-reviewed PubMed articles (more than 3.500 citations in Scopus) and 19 book chapters. He has given over 100 invited lectures at National and International Congresses. He was an elected member of the Standards of Practice Committee and the Research Committee of CIRSE, Associate Editor in 3 PubMed scientific journals, a member of the Editorial Board of 4 International peer review Journals and Editorial Consultant for the Journal of the American College of Cardiology: Cardiovascular Interventions.

 

For a complete list and background on the members of the SAB, please use this link About – Microbot Medical

 

About Microbot Medical

 

Microbot Medical Inc. (NASDAQ: MBOT) is a pre-clinical medical device company that specializes in transformational micro-robotic technologies, focused primarily on both natural and artificial lumens within the human body. Microbot’s current proprietary technological platforms provide the foundation for the development of a Multi Generation Pipeline Portfolio (MGPP).

 

Microbot Medical was founded in 2010 by Harel Gadot, Prof. Moshe Shoham, and Yossi Bornstein with the goals of improving clinical outcomes for patients and increasing accessibility through the use of micro-robotic technologies. Further information about Microbot Medical is available at http://www.microbotmedical.com.

 

Safe Harbor

 

Statements to future financial and/or operating results, future growth in research, technology, clinical development, and potential opportunities for Microbot Medical Inc. and its subsidiaries, along with other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Any statements that are not historical fact (including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects” and “estimates”) should also be considered to be forward-looking statements. Forward-looking statements involve risks and uncertainties, including, without limitation, market conditions, risks inherent in the development and/or commercialization of potential products, including LIBERTY and the One & Done™ technologies, the outcome of its studies to evaluate LIBERTY, the One & Done™ technologies and other existing and future technologies, any failure or inability to recruit physicians and clinicians to serve as primary investigators to conduct regulatory studies which could adversely affect or delay such studies, uncertainty in the results of pre-clinical and clinical trials or regulatory pathways and regulatory approvals, uncertainty resulting from the COVID-19 pandemic, need and ability to obtain future capital, and maintenance of intellectual property rights. Additional information on risks facing Microbot Medical can be found under the heading “Risk Factors” in Microbot Medical’s periodic reports filed with the Securities and Exchange Commission (SEC), which are available on the SEC’s web site at www.sec.gov. Microbot Medical disclaims any intent or obligation to update these forward-looking statements, except as required by law.

 

Investor Contact:

 

Michael Polyviou

EVC Group

mpolyviou@evcgroup.com

732-933-2754